Making the “Invisible Hand” Visible
The total return of the S&P 500 index fell by nearly 40% last year, the second-worst performance by America’s stockmarket since 1825…
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Screenshots taken from NYTimes Interactive graphic. While not the most recent unemployment data, I liked these maps because you see the the location of the house bubble and the manufacturing in the U.S. and the severity of the unemployment in many of those areas.
Housing Bubble
Unemployment rate in counties where home prices rose to at least 175% of 2000 levels.
Manufacturing
Unemployment rate in counties where at least 25 percent of earnings came from manufacturing, 1998-2000.
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If you have noticed some issues with this site just know that I have updated my blog to Wordpress 2.8 this week and some of the plugins (i.e. lightbox) are not working. Also I am trying to clean up my categories. Hopefully this will make the site run a little better once I finish. Thanks for your patience :)
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Red line = net worth of at least $1 million (not including primary residences)
Gray line = number of households with investible assets of at least $1 million
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